K5 or K6? - Page 5 - SV650.org

28-01-06, 06:10 PM

An excellent price! I've just got a cheque through the post for my blue k4 s with 8500 miles FSH alarm not a scratch on it before the accident from the insurance company for..........anyone guess?

30-01-06, 11:46 AM

Ok Ok I'll tell you. I can tell your all putting everything on hold 'til you know. £2100................ WTF?

30-01-06, 11:51 AM

Whoa! That's taking the ****!

Personally, I like the red ones. I would be happy to trade my blue K4 for a red K5, once I've got all my bits off it of course!

30-01-06, 11:51 AM

Quote:

Originally Posted by skidmarx

£2100................ WTF?

My settlement cheque for a '99 curvy S with 29k miles on it was £2,200. Accident was in October 2005.

This was their first offer. I was expecting £1,700 ish, so I ripped their arm off.

30-01-06, 12:43 PM

Anyone got any 'leverage' ideas? Unbelievable.........

30-01-06, 12:49 PM

Send the cheque back and say you're not accepting a fraudulently low settlement. In fact get a solicitor to do this for you.

.

fizzwheel · 30-01-06, 01:40 PM

Quote:

Originally Posted by skidmarx

Anyone got any 'leverage' ideas? Unbelievable.........

Go onto Biketrader find ads for a bikes similar milleage and condition to yours and then print them off and post them to them.

Send the cheque back saying that thats not market value for your bike and then use the adverts to back what you are saying.

31-01-06, 10:04 AM

Phoned them and they said that the cheque was so low because they had taken 30%off as they had agreed to let me keep the bike! I'VE NOT SEEN IT FOR 4 WEEKS! It went straight from the dealers to the salvage yard once it was deemed beyond repair! On the advice of the insurnce appointed engineer! When this happens, what do you do apart from setting them straight? DO i have to return the V5 to DVLA with a letter telling them its been scrapped? Anybody else I have to notify? Shambles........

fizzwheel · 31-01-06, 10:46 AM

Nope your insurance company should notify the DVLA that the bike is a write off I think...

Thats what my dads insurance company did when the wrote his van off.

31-01-06, 08:15 PM

Sorted. Not too my satisfaction but life goes on. THey are going to settle for £3000 total, a right fit up, but there are so many good offers on new ones around right now, and some rather tempting 2nd hand bikes, that i'd rather cut my losses and get back on the road. I could argue for the next 2 months about the REAL value, but by then I would have missed out on the deals. AND I wanna be run in for spring.........pragmatic...
FWIW, if you EVER get involved in a NO BLAME accident, make your first call to an understanding solicitor who has the time to bat for you, and sue the buggers. THe whole episode will have cost me 2 months bikeless, and around £500-£800. Dread to think what will creep out of the woodwork when it renewal time creeps around.
'Yes sir we understand that you have your no claims bonus intact, but have you made ANY claims in the last 5 years?'
Anyway thanks for all the advice and hot tips for deals. Now I can follow them up!
WATCH OUT FOR THE CAR UP THE JACKSIE!

31-01-06, 10:46 AM	#49
fizzwheel Super Moderator Mega Poster Join Date: Dec 2003 Location: Somerset Posts: 3,614	Nope your insurance company should notify the DVLA that the bike is a write off I think... Thats what my dads insurance company did when the wrote his van off. __________________ Look Dave, I can see you're really upset about this. I honestly think you ought to sit down calmly, take a stress pill, and think things over. K5 GSXR 750 Anniversary Edition

28-01-06, 06:10 PM	#41
skidmarx Guest Posts: n/a	An excellent price! I've just got a cheque through the post for my blue k4 s with 8500 miles FSH alarm not a scratch on it before the accident from the insurance company for..........anyone guess?

30-01-06, 11:46 AM	#42
skidmarx Guest Posts: n/a	Ok Ok I'll tell you. I can tell your all putting everything on hold 'til you know. £2100................ WTF?

30-01-06, 11:51 AM	#43
thor Guest Posts: n/a	Whoa! That's taking the ****! Personally, I like the red ones. I would be happy to trade my blue K4 for a red K5, once I've got all my bits off it of course!

30-01-06, 12:43 PM	#45
skidmarx Guest Posts: n/a	Anyone got any 'leverage' ideas? Unbelievable.........

30-01-06, 12:49 PM	#46
jonboy Guest Posts: n/a	Send the cheque back and say you're not accepting a fraudulently low settlement. In fact get a solicitor to do this for you. .

31-01-06, 10:04 AM	#48
skidmarx Guest Posts: n/a	Phoned them and they said that the cheque was so low because they had taken 30%off as they had agreed to let me keep the bike! I'VE NOT SEEN IT FOR 4 WEEKS! It went straight from the dealers to the salvage yard once it was deemed beyond repair! On the advice of the insurnce appointed engineer! When this happens, what do you do apart from setting them straight? DO i have to return the V5 to DVLA with a letter telling them its been scrapped? Anybody else I have to notify? Shambles........

31-01-06, 08:15 PM	#50
skidmarx Guest Posts: n/a	Sorted. Not too my satisfaction but life goes on. THey are going to settle for £3000 total, a right fit up, but there are so many good offers on new ones around right now, and some rather tempting 2nd hand bikes, that i'd rather cut my losses and get back on the road. I could argue for the next 2 months about the REAL value, but by then I would have missed out on the deals. AND I wanna be run in for spring.........pragmatic... FWIW, if you EVER get involved in a NO BLAME accident, make your first call to an understanding solicitor who has the time to bat for you, and sue the buggers. THe whole episode will have cost me 2 months bikeless, and around £500-£800. Dread to think what will creep out of the woodwork when it renewal time creeps around. 'Yes sir we understand that you have your no claims bonus intact, but have you made ANY claims in the last 5 years?' Anyway thanks for all the advice and hot tips for deals. Now I can follow them up! WATCH OUT FOR THE CAR UP THE JACKSIE!